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Tokocrypto finally launched the whitepaper for the native utility token of its Tokoverse ecosystem, i.e., Toko Token (TKO). After months of anticipation, the crypto assets exchange platform in Indonesia revealed that the whitepaper for TKO has been launched.
This took place at the recently concluded The Kripto Odyssey (T.K.O) Summit 2021 (“Summit”), which was held on YouTube Live with over 15,000 viewers in attendance. The T.K.O conference, which is in its second edition, is a quarterly summit that empowers the crypto communities around the world through in-depth knowledge and understanding of the industry as presented by experts.
Exploring the Real-World Application of Blockchain
The Summit comprised experts from the industry, such as Chia Hock Lai of ASEAN Blockchain Consortium and COO of Tokocrypto Teguh Kurniawan who voiced their views on the role of blockchain as an enabler for the Fourth Industrial Revolution (IR4.0). They talked about the impact of the technology in various industries and its all-important role in the fight against the pandemic.
While analyzing how blockchain can solve existing world issues, Kurniawan shared his experience about how TokoCare deployed blockchain to alleviate the Covid-19 situation in Indonesia. He added that blockchain can be used for many healthcare-related processes, such as managing medical history and transferring data seamlessly.
The experts highlighted the immutable and transparent features of blockchain and discussed how they can help address trust deficits in the digital domain. Juan Otero of Travala hailed the tourism industry for deploying blockchain and praised the manner in which blockchain united the various players in the industry.
Although the Metaverse is still relatively young, blockchain and smart contracts have the potential to be the unifiers that will bring together 5G, artificial intelligence (A.I), and other technologies for its development and transformation into a digital reality.
Other experts, such as Darius Sit of QCP Capital and Oscar Franklin of Enjin, provided an overview of the crypto industry, with emphasis placed on the rising popularity of GameFi, non-fungible tokens (NFTs), play-to-earn, and decentralized finance (DeFi). With DeFi transitioning from 1.0 to 2.0, greater transparency levels in the domain will be achieved and will boost the element of real yield.
Finally, the panelists said that the valuation of NFTs depends on their rarity, historical significance, and the popularity of the creators, adding that the NFT Metaverse should be decentralized, retaining its concepts of culture, technology, and governance.
Insights in the Whitepaper
The long-awaited whitepaper sets out TKO’s game plan to narrow the gap between Indonesians and the evolving crypto market. The 54-page paper comprises information about TKO and the token’s future projects in Tokoverse, such as TokoScholars, TokoLaunchpad, and T-Hub, as well as provide insights into Tokocrypto’s blueprint for its native utility token.
While sharing his vision for the development of TKO as the cryptocurrency of the future, co-founder and CEO of Tokocrypto Pang Xue Kai stated that his team remains committed to promoting inclusivity, innovation, and supporting the economy through Web3. According to him, Tokoverse will leverage blockchain to fulfill the fundamental purpose of all technologies, which includes improving quality of life through easy-to-use functionalities.
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